Beware Of Any Person Making Money off Your Child’s Image, Videos, or Achievements.
This advice can help you avoid your child from becoming the victim of a sponsorship scam.
Rules of Thumb
1. If you must pay money to get sponsored, it might be a scam.
2. If it sounds too good to be true, it probably is.
3. Spend the time, not the money.
4. Never invest more than a postage stamp to get information about sponsorships.
5. Nobody can guarantee that they can get your child sponsored.
6. Legitimate sponsorship foundations do not charge application fees.
7. If you’re suspicious of an organization, it’s usually with good reason.
Warning Signs of a Sponsorship Scam
Certain tell-tale signs can help you identify possible sponsorship scams. Note that the following signs do not automatically indicate fraud or deception; however, any organization that exhibits several of these signs should be treated with caution.
Application fees. Beware of any “sponsorship” which requests an application fee, even an innocuously low one like $2 or $3. Most scams have application fees of $10 to $25, but some have had fees as low as $2 and as high as $5,000. Don’t believe claims that the fee is necessary to cover administrative expenses or to ensure that only serious candidates application.
Other fees. If you must pay to get a copy of the magazine, poster or to receive an award, be suspicious.
Everybody is eligible. All sponsors are looking for candidates who best match certain criteria. Certainly there are some sponsorship’s that do not depend on academic merit, some that do not depend on athletic prowess and some that do not depend on minority student status, but some set of restrictions always applies. No scholarship sponsor hands out gear, registration fees to kids simply for breathing.
The “We Are Helping Your Child” Myth. You may be told that they will help get your kid sponsored but this simply isn’t true. All sponsorship aid programs are free.